Wednesday, November 13, 2019 1:11:52 PM
On November 1, 2019, Livingston Asset Management, LLC (“Livingston”) and Trillium Partners, LP (“Trillium”) each entered into a Convertible Debt Amendment with Bantek, Inc. (the “Company”) for the purpose of removing the conversion rights and conversion provisions from all promissory notes held by Livingston and Trillium. Schedule A of each such Convertible Debt Amendment lists all of the promissory notes held by Livingston and Trillium, respectively, which are no longer convertible into the Company’s stock.
The foregoing is a summary of the terms of the Convertible Debt Amendments and is qualified in its entirety by the Convertible Debt Amendments attached hereto and incorporated herein as Exhibits 10.1 and 10.2.
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